RBA’s KIohler: We believe peak of inflation was in Q4
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
Reserve Bank of Australia’s head of economic analysis Marion Kohler said they believe that the peak of inflation was in the fourth quarter.
Opening statement to the Senate Select Committee on the cost of living:
The price is breaking down below an area where bulls were rapped up high chasing the breakout of 0.7050 and 0.7100 following five days of rise. The Retail Sales miss sent the pair lower and back below 0.7050. The correction is firm but has decelerated at 0.7050 in a 50% mean reversion of the bearish leg and could now be starting to move lower again for a downside extension towards the prior lows near 0.6980. A Break there opens risk to 0.6950 in the first instance.
[/s2If]
Join Our Telegram Group
